Mere Non Production of Stock Register cannot be ground to reject declared Trading Results: ITAT [Read Order]

stock register - ITAT - taxscan

Income Tax Appellate Tribunal (ITAT), New Delhi held that mere none production of stock register cannot be ground to reject declared trading results. The assessee company, Rakesh Global Steel Pvt Ltd filed return of income declaring loss of Rs. 3,47,94,641/-, the same was selected for scrutiny and statutory notices were issued, assessment proceedings have been…

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